Flex Space with Flexible
For Sale
$95,000
836 W Toy Storage Street, Billings, MT 59106
A 2022-built shop offers adaptable space for contractors, small businesses, hobbies, or storage.
Property Size1,152 SF
Price / SF$82.47
Days on Market92
Property Features for 836 W Toy Storage Street
General Information
Standard status
Active
Size
1,152 SF
Property subtype
CommercialSale
Building Details
Year Built
2022
Listing Agency:
Century 21 Americana
(406) 294-2121
Listed By:
Brian Lang · License #RRE-RBS-LIC-70650
(406) 860-6881
Source:
Mymontanahomestead
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 20 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Americana
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Investment Insights
Based on property information with market context.
Located at 836 W Toy Storage Street in Billings, this 1,152-square-foot flex property provides a practical shop setting for a range of owner-user or investment applications. The building was completed in 2022 and features an adaptable interior that can accommodate contractor operations, small business use, hobby activities, or secure storage.
The property includes ample parking and is positioned for convenient access within Billings. Its straightforward shop configuration and newer construction provide a functional commercial setting for users seeking dedicated workspace with flexibility in how the interior is utilized.
The property includes ample parking and is positioned for convenient access within Billings. Its straightforward shop configuration and newer construction provide a functional commercial setting for users seeking dedicated workspace with flexibility in how the interior is utilized.
Key Highlights
- 1,152‑square‑foot flex shop
- Built in 2022
- Flexible layout for contractors, small businesses, hobbies, or secure storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,641
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,820
$132.8K
Cap Rate 7%
$94,871
$94.9K
Cap Rate 9%
$73,789
$73.8K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$10.4K $9.00/SF
− Vacancy
−$881 −$0.77/SF
EGI
$9.5K $8.24/SF
− OpEx
−$2.8K −$2.47/SF
NOI
$6.6K $5.76/SF
Area
Billings, MT
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,820
Cap Rate 7%
$94,871
Cap Rate 9%
$73,789
Alternative Uses
Best Use
Flex RnD
$128.5K
$112.4K – $149.9K
NOI $8,995 @ 7.0% cap · market cap 9.47%
Second Best
Industrial
$94.9K
$83.0K – $110.7K
NOI $6,641 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$251.4K
$219.9K – $293.3K
NOI $17,595 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 59106, MT
20,681
Population
8,164
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
98%
High-School Grad
112.0 sq mi
ZIP Area
185
Density / Sq Mi
$122,374
Median Household Income
$52,380
Median Earnings
$1,380
Median Rent
$483,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A 2022-built shop offers adaptable space for contractors, small businesses, hobbies, or storage.
Where is this flex space located?
The property is located at 836 W Toy Storage Street Billings, MT.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1,152‑square‑foot flex shop; Built in 2022; Flexible layout for contractors, small businesses, hobbies, or secure storage
